ELECTRONIC FILING OF CAMPAIGN REPORTS GOES
SMOOTHLY

WASHINGTON - The first full wave of mandatory electronic filings of campaign finance
reports was successfully received and processed last week by the Federal Election
Commission. Record numbers of filings were submitted electronically and quickly made
available on the Internet, according to FEC technicians and analysts.

The reports are now required by law to be filed electronically with the FEC by
many federal candidates, party committees, and PACs. The July 31 filings detail financial
activity for the first half of 2001 (through June 30). The Commission received 519
reports on filing deadline day, bringing the total to 2,994 for the month of July.
Of those totals, 318 were new electronic filers on deadline day, and there were 1,135
first-time filers for the month of July. To date, 407 House members have filed
electronically.

Electronically-filed reports are available for public viewing on the FECs
website, www.fec.gov, shortly after being received by the Commission. Images of
reports pages are posted on the website within 24-48 hours.

Mandatory electronic filing was instituted by Public Law 106-58 on September 29, 1999,
effective with financial activity beginning January 1, 2001. That laws predecessor,
Public Law 104-79, effective December 28, 1995, established voluntary electronic filing.
That voluntary system began with a single filing in June 1997 and has grown into a system
that supports some 2,700 electronic-filing committees. Mandatory electronic filing applies
to all candidate and political committees that file reports directly with the FEC and
exceed (or expect to exceed) a $50,000 threshold in contributions or expenditures in a
calendar year. The United States Senate is exempt from these regulations, the Secretary of
the Senate being the point of entry for Senate campaign finance reports. The
Secretarys office then transmits to the FEC, overnight, images from paper filings.

Many committees not meeting the $50,000 threshold and not required to file
electronically are now doing so voluntarily, FEC analysts say, due to the ease and speed
of transfer.

FEC Chairman Danny L. McDonald noted, "The FEC and the filing community
were prepared for this initial mandatory electronic filing deadline. I commend FEC staff
for their efforts, likewise the committees for their cooperation, promptness, and
completing the required modifications in their systems. As the FEC and the political
community progress in electronic filing, and an increasing number of committees become
more and more comfortable with the process, I believe well someday wonder how the
FEC and the political community managed to cope with reports before the days of electronic
filing."